Systematic investing · Factor research · Madrid

Evidence over intuition in factor investing.

A boutique quantitative practice in factor investing for equities. Coaching, consulting and team training on Portfolio123.

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No commitment. 45 minutes.

VALUE MOMENTUM QUALITY LOW VOLATILITY SIZE PROFITABILITY INVESTMENT EARNINGS REVISIONS DIVIDEND YIELD SHORT INTEREST

ABOUT THE PRACTICE

A boutique practice in quantitative factor investing.

A research-led practice founded by Carlos Morales. We design, validate and operate factor-based investment frameworks in equity markets.

Learn more about Carlos Morales

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AREAS OF PRACTICE

Three complementary services.

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EDUCATION · 1-TO-1

Quant coaching

A structured curriculum that takes capable investors from factor investing fundamentals to advanced research workflows. Delivered in private 1-to-1 sessions, tailored to your pace.

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CONSULTING · INSTITUTIONS

Quant consulting

Bespoke quantitative engagements for institutional investors and high-net-worth individuals: factor models, risk frameworks, process automation and custom research systems.

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NEW · TRAINING · TEAMS

Team training

Factor and quant investing training for investment teams, delivered on-site or remote: from foundations to advanced research workflows, adapted to your firm's process.

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METHODOLOGY

From hypothesis to operational deployment.

One four-stage discipline runs through coaching, consulting and training.

Assess

A 45-minute conversation to establish fit: objectives, constraints, current process and the scope of the engagement.
Design

Factor models and strategy rules engineered in Portfolio123: universes, rankings and buy and sell rules, grounded in published evidence.
Validate

Backtests treated as hypotheses to attack: out-of-sample checks, robustness across regimes, deflated performance statistics.
Operate

An operational, rules-based process you can run and audit, with the documentation and training to keep it disciplined.

Start with a 45-minute conversation.

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RESEARCH INFRASTRUCTURE

The research desk behind every engagement.

Every engagement runs on the same stack we use for our own systematic research: Portfolio123 for factor models and backtesting, Python for validation, and Claude-assisted workflows documented in our open-source skills.

PORTFOLIO123 PYTHON CLAUDE SKILLS

FACTOR RESEARCH

The classic factors, measured daily since 2000.

Value, momentum, quality, low volatility and size on the Russell 1000, long-only and long-short, indexed to 100. The same dataset our research runs on, rebuilt every week.

26 YEARS OF DAILY DATA

6,944 TRADING DAYS

AS OF 2026-08-13 · UPDATED WEEKLY

Explore the factor data

RESEARCH & INSIGHTS